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E. Joe Shoen

E. Joe Shoen

E. Shoen
0.06% | + $1.98M
$3.32 B ₹ 30,163 Cr
Real Time Net Worth #1256 Ranking as of 21 Feb 2026 By Forbes

More on E. Joe Shoen

Gender

Male

Age

76Y

Country

United States

Born On

October, 1949

Deceased

No

Relationship Status

Married

Children

2

Education

Harvard Business School - Master Of Business Administration

Designation Info :

Self-Made

No

Entrepreneur Type

Inherited

Primary Organization

AMERCO

Titles

Chairman

Sources of Wealth

U-Haul

Industry

Transportation, Logistics, Real Estate

About E. Joe Shoen


E . Joe Shoen is an American billionaire and the chairman and president of AMERCO, the parent company of the iconic do-it-yourself moving company, U-Haul. He is the son of U-Haul's founders, Leonard "L.S." Shoen and Anna Mary Carty Shoen, who started the business in 1945. Joe's rise to the top of the family business was the result of a long, bitter, and highly public family feud.

In the 1980s, Joe and his brothers successfully wrested control of the company from their father in a hostile takeover. As the leader of the company for decades, he has overseen U-Haul's dominance in the truck and trailer rental market. He has also successfully expanded the company's business into the self-storage industry, making it one of the largest operators in North America. His wealth is derived from his massive stake in the publicly traded company his parents founded and he now controls.

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Quick Reads


  • Chairman and President of AMERCO, the parent company of U-Haul.
  • Son of the company's founders, L.S. and Anna Mary Shoen.
  • Took control of the company from his father in a famous and bitter family feud.
  • Has expanded U-Haul's business into the self-storage industry.
  • He and his family own about half of the publicly traded company.

Early Life and Background


Edward 'E. Joe' Joseph Shoen is an American billionaire businessman, the President, Chairman, and CEO of U-Haul Holding Company (AMERCO, NASDAQ: UHAL), the parent company of U-Haul International. He is the third son of the founder, Leonard Shoen, who began the U-Haul self-moving business in 1945.

Joe Shoen's education was a massive asset: he holds a B.A. from the College of the Holy Cross, an MBA from Harvard Business School (where he wrote his thesis on self-storage businesses), and a J.D. law degree from Arizona State University (1981). He joined the U-Haul executive board immediately after his MBA, only to briefly quit to pursue his law degree. His career is defined by his successful navigation of a massive, notoriously nasty family feud to gain control of the company and lead its expansion in the self-moving business.

Career Journey of E. Joe Shoen


E. Joe Shoen's career within the U-Haul empire was marked by a dramatic and often violent family feud involving his siblings and father over the control of the company. Joe was instrumental in fighting this internal battle, leveraging his legal expertise and executive training. His focus was on stabilizing and expanding the core business: truck and trailer rental and self-storage facilities.

Under his leadership as President and CEO, U-Haul achieved unprecedented growth and market dominance in the self-moving business. His foresight, reflected in his Harvard MBA thesis on self-storage, led the company to aggressively expand this highly profitable division. His efforts are credited with the company's expansion and market dominance, securing his multi-billion dollar fortune (estimated at $4.1 billion in 2023) and cementing his legacy as the leader who rescued and scaled the iconic American brand.

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E. Joe Shoen's Timeline


1974 (approx.):

Graduates with an MBA from Harvard Business School (Academic Achievement).

1981:

Earns a J.D. law degree from Arizona State University (Academic Achievement).

1980s–1990s:

Engages in a decades-long family feud for company control (Corporate Crisis).

Ongoing:

Assumes the role of President, Chairman, and CEO (Executive Leadership).

Ongoing:

Oversees the massive expansion of the U-Haul self-moving and self-storage network (Growth Milestone).

Major Business Ventures and Investments


E. Joe Shoen's wealth is concentrated in his controlling stake and continued leadership of the publicly traded moving and storage giant, U-Haul Holding Company (AMERCO, NASDAQ: UHAL).

  • U-Haul International (President & CEO): The core asset, the dominant provider of self-moving trucks, trailers, and equipment rentals.
  • Self-Storage Business: His strategic expansion into self-storage facilities is a major engine of the company's profitability (the subject of his Harvard MBA thesis).
  • Legal and Business Acumen: He holds both an MBA from Harvard and a J.D. law degree.
  • Family Feud: His career is famous for his success in navigating the decades-long family battle for company control.

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Philanthropy and Social Impact


E. Joe Shoen's social impact is structural, stemming from U-Haul's role in enabling residential mobility and providing affordable self-moving and storage solutions for millions of Americans annually. The company's vast network of truck and trailer rentals is foundational to American life.

His personal philanthropy supports various community and educational initiatives in Arizona. His structural contribution is the successful revitalization of the U-Haul brand and the profitable expansion of the self-storage industry.

Fashion, Style, and Lifestyle


E. Joe Shoen maintains the professional, disciplined style of an executive with a legal and industrial background. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of stability and composed authority, reflecting his success in the logistics sector.

Residing in Phoenix, Arizona, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is defined by his commitment to his family's corporate legacy and his ultimate success in commanding the iconic U-Haul brand.

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Quotes and Philosophy


“It is failures rather than successes that teach us invaluable lessons.”

Fun Facts & Trivia


  • He is the CEO of U-Haul International and successfully navigated a notoriously nasty family feud.
  • He holds an MBA from Harvard Business School and a J.D. law degree.
  • His Harvard thesis was written on the self-storage business.
  • He is the third son of the company founder, Leonard Shoen.
  • The company was founded in 1945.
  • His efforts are credited with the company's expansion in the self-moving business.
  • He became an executive board member immediately after graduating from Harvard.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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